Visionary or looney? Zuckerberg on spending spree

NEW YORK (AP) — Facebook's two biggest acquisitions yet are raising some eyebrows. Longtime technology analyst Roger Kay wonders whether Mark Zuckerberg "is nuts" for agreeing to pay $2 billion for virtual reality company Oculus less than five weeks after inking a deal to buy WhatsApp for $19 billion.

Other observers are calling the Facebook CEO visionary.

The company's latest purchase doesn't have a consumer product on the market yet. Zuckerberg, though, sees long-term implications for Oculus' technology. He says the deal is "a long-term bet on the future of computing."